Top news and updates
Binance collaborates with Spanish bank BBVA to store assets off the platform
The company announced a new partnership with BBVA allowing Binance users to store their funds off the platform, relying on a trusted bank as an independent custodian. This move aims to enhance trust amid the regulatory pressures facing Binance.
Add BFUSD in buying, transferring, and margin trading services
Binance launched its stablecoin BFUSD through 'Buy Crypto', 'Convert', and 'Margin' functions, as part of expanding its available services to users.
Subscription to the REVA token is available in the pre-generation phase through the Binance wallet
Users can now participate in the Pre-TGE for the Reveel token (REVA), where a deposit of up to 3 BNB is allowed per user, and token distribution is based on contribution ratio.
Promotional offer for the Binance USDC Reward program
The special offer provides the ability to borrow USDC through Binance Margin and Binance Loans, as part of the limited-time USDC Reward program.
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Market summary and market developments
Major price increases: Bitcoin (BTC) saw a rise to exceed 124,000 USDT, and Ether (ETH) climbed above 4,700 USDT by 4.48% in 24 hours, while BNB surged to 850 USDT.
Massive flows and price predictions: Analysts predict BNB price will reach $2,000 in the coming months, amid bullish market momentum. Data also indicates a massive buying wave on Ethereum through a giant whale creating a thousand new addresses and holding over 33,000 ETH.
Increased transaction activity on the Ethereum network: ETH price approached $4,724, with a significant rise in daily transactions and strong trends towards surpassing the $5,000 level.
Efforts against crypto crime: The Digital Crime Unit (T3 FCU) has launched, having seized over $250 million in frozen assets, and has expanded to include Binance as the first T3+ partner.